Charles Schwab Investment Management Inc. Trims Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Charles Schwab Investment Management Inc. lowered its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,519 shares of the company’s stock after selling 39,391 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.98% of Consensus Cloud Solutions worth $4,498,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after purchasing an additional 653 shares in the last quarter. R Squared Ltd bought a new position in shares of Consensus Cloud Solutions in the 4th quarter worth $42,000. SG Americas Securities LLC raised its position in shares of Consensus Cloud Solutions by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock valued at $179,000 after buying an additional 1,240 shares in the last quarter. DGS Capital Management LLC bought a new stake in shares of Consensus Cloud Solutions during the 3rd quarter worth $209,000. Finally, Virtus Fund Advisers LLC purchased a new position in Consensus Cloud Solutions in the third quarter worth $327,000. Institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CCSI shares. Citigroup raised their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Oppenheimer boosted their target price on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Consensus Cloud Solutions has a consensus rating of “Hold” and a consensus target price of $27.40.

Consensus Cloud Solutions Trading Down 2.5 %

CCSI opened at $24.10 on Wednesday. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $32.10. The business’s 50-day moving average price is $26.24 and its 200-day moving average price is $24.41. The company has a market cap of $470.58 million, a P/E ratio of 5.22 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The company had revenue of $86.98 million during the quarter, compared to analysts’ expectations of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. Equities research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.